By

George Gonzalez
Canadian Taxation

Two Key Observations from Canadian Tax Conference

At a tax conference in Toronto this month I learned several interesting things, two of which I want to share here. They are labeled below as “Bringing in CPAs to Their Side” and “Tax Planning is an Uncertain Art”.
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U.S. Taxation

IRS Form 8854 – Expatriation (U.S. Taxation)

One might say that the ultimate break from the U.S. tax system is expatriation, i.e., renunciation of U.S. citizenship (or renunciation of permanent residency). Renunciation is a serious action that should only be taken after careful consideration of its many ramifications.
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U.S. Taxation

IRS Forms 3520 and 3520-A – Information Reporting – Foreign Trusts (U.S. Taxation)

This article discusses information reporting requirements that relate to foreign trusts.
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U.S. Taxation

Form 5471 – Information Reporting – Foreign Corporations (U.S. Taxation)

This article discusses information reporting requirements that relate to foreign corporations. More specifically, a particular type of foreign corporation called a Controlled Foreign Corporation (CFC).
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U.S. Taxation

Fincen Form 114 (FBAR) and IRS Form 8938 Information Reporting – Foreign Bank and Financial Accounts (U.S. Taxation)

This article discusses information reporting requirements that relate to foreign bank accounts and other foreign financial accounts.
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U.S. Taxation

IRS Form 1116 – The Foreign Tax Credit (U.S. Taxation)

Are you a U.S. citizen moving to a foreign country for work or investing in a foreign country for income? If so, this article is for you.
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U.S. Taxation

IRS Form 2555 – The Housing Exclusion (U.S. Taxation)

Are you a U.S. citizen moving to a foreign country for work? If so, this article is for you.
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U.S. Taxation

IRS Form 2555 – The Foreign Earned Income Exclusion (U.S. Taxation)

Are you a U.S. citizen moving to a foreign country for work? If so, this article is for you.
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Globe showing North America

Are LLCs Suitable for Canadians? (Cross-Border Tax Issues)

The Limited Liability Company (LLC) is a popular type of entity with U.S. investors. It is distinct from other entity types such as corporations, partnerships, and limited liability partnerships.
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Tax Treaties (Cross-Border Tax Issues)

Do you engage in international business or investing activities? If so, it is highly recommended that your tax planning take into consideration tax treaties.
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